6101 Selby Street
Flint, MI 48505

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Description

Eagle Ridge Apartments presents a rare opportunity to acquire a stabilized 104-unit multifamily community in Flint, Michigan. Originally developed in 1999–2000 under the Low-Income Housing Tax Credit program, the property has successfully completed its initial 15-year compliance period and is currently operating within the extended-use phase. Units are income-restricted between 30% and 60% AMI, providing dependable occupancy and durable demand fundamentals.Eagle Ridge benefits from a favorable expense structure. Units are equipped with individual HVAC systems, and tenants are responsible for gas and electric utilities, limiting owner exposure. The property operates under a PILOT program, providing predictable and controlled property tax treatment. Ownership has invested approximately $250,000 within the past six months toward parking lot resurfacing and comprehensive security improvements, reinforcing long-term asset integrity.Community amenities include a clubhouse with fitness center, outdoor swimming pool, and shared common areas designed to support resident retention and quality of life.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Genesee County
• Zip Code: 48505
• Year Built: 1999
• Subdivision/Neighborhood: Flint
• School District: Flint
• Basement: Slab
• Lot Size: 8.5 acres
• Association: Yes
• Association Amenities: Pool
• Basement Type: No
• Construction Materials: Vinyl Siding
• Directions: Between Saginaw St and 475 South of E Russell Ave.
• Extras: Pool
• Gross Income: 1146084
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Size Area: 8.5
• Lot Size Square Feet: 370260
• Lot Size Units: Acres
• MLS Area Major: Genesee County - 10
• MLS Area Minor: Genesee County - 10
• Main Type: Multi Family
• Parcel Number: 4730185022
• SEV: 100
• Street Type: Paved
• Tax Annual Amount: 63
• Tax Legal Description: ROSEMONT LOTS 54, 55, 56 AND 57; ALSO AN UNPLATTED PART OF SEC 30, T8N, R7E DESC AS: BEG AT A PT ON W LINE OF SELBY ST N 00 DEG 38 MIN E, 834.4 FT FROM ITS INTERSEC WITH N LINE OF MOTT AVE; TH N 89 DEG 06 MIN W, 744.50 FT; TH N 00 DEG 38 MIN E, 476.7 5 FT; TH E 744.5 FT TO W LINE OF SELBY ST; TH S 00 DEG 38 MIN W, 476.75 FT ALG SD W LINE TO POB.
• Total Approx Sq Ft All Bldgs: 162898
• Total Num Units: 105
• Township: Flint
• Water Source: Public